Answer:
d. Insurance contracts are personal contracts.
Explanation:
Since in the question it is given that the Jacob sold his house to Shelia for $140,000 and at the time of insurance he did not tell about the new owner
So after four months, the sheila purchased the house, and due to windstorm, the roof got damaged
Since at the time of insurance he did not told about the new owner due to which the insurer refused to deny the payment to Sheila and that could be considered as a legal.
So, this situation is considered to be a personal contract
Answer:
The answer is incoterms.
Explanation:
The word is short for International Commercial Terms. Published by the International Chamber of Commerce, these terms intend to regulate international commercial law. They are concerned with the clear communication of costs and risks of worldwide deliveries.
Incoterms define the buyer's and seller's obligations and are included into most international sales contracts.
Mulatto
spanish term for european-Native ameircan baby
